Professional
Added to YB: 2025-04-11
Pitch date: 2025-04-09
HEM.ST [neutral]
Hemnet Group AB (publ)
-71.55%
current return
Author Info
Company Info
Hemnet Group AB (publ) operates a residential property platform in Sweden. The company connects property buyers, sellers, and real estate agents in one platform.
Market Cap
SEK 11.0B
Pitch Price
SEK 369.10
Price Target
N/A
Dividend
1.60%
EV/EBITDA
15.00
P/E
21.64
EV/Sales
7.54
Sector
Interactive Media and Services
Category
growth
Bristlemoon Capital Portfolio Holding: Hemnet Group AB
HEM.ST (holding update): Swedish property portal monopoly (90% share). New agent compensation model driving Plus/Premium upgrades (75-80% Q4). Max tier launch April 2025 at 3.3x Basic. Take rate to expand from 21bps to 30bps+ of avg home price. 52% EBITDA margin, potential 60%+. 44x FY25 EPS, 30%+ EPS CAGR next 5 years.
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